Important Formulae for Unit Costing/ Cost Sheet

 NUMBER OF UNITS PRODUCED

= No of Units Sold- Op Stock of Finished Goods( Units)- Cl Stock of Finished Goods( Units)

COST OF DIRECT MATERIALS CONSUMED

Op Stock of RM+Purchase of RM+Expense on Purchase- Returns- Cl Stock of RM- Scrap Value if any

                        or

PRIME COST- Direct Labour- Direct Expense

or 

No of Units Produced x Direct Material Cost per unit

DIRECT LABOUR COST

No of Units Produced x Direct Labour Cost per unit

Or

PRIME COST- Direct Material- Direct Expense

PRIME COST OR DIRECT COST FORMULA

DM+DL+DE

OR

Works Cost- Works OH- Op Stock of WIP+Closing Stock of WIP


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